The days when you’d dress to the nines and head off to your local casino may be fewer now, but that doesn’t mean we don’t like to play online instead. Let’s be real – when it comes to gambling of any kind, all we’re ever after is having some good old-fashioned fun. But slow down a second… what payment method are you using and what difference does it make?
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Why the right payment method is important
Believe it or not, no matter how future-forward this industry is, you still need to focus on security and what payments you use. Choosing the right way to fund your online account makes your whole experience one hundred times better, and that’s because the process will be streamlined and stress-free.
In the last decade, we have seen the way we pay for online services change exponentially. What was once a “cash is king” world is now very much driven by virtual payments.
From the bank transfers of yesteryears to the lightning-fast e-wallets of the modern era — the choices are multiple. How do you pick what’s right for you?
We know that there are so many options that it can get a little confusing. Because of this, we’re going to take a look at the best payment methods you should be using – and how secure they really are.
The variety of payment methods available
There’s a bunch of methods out there! Each one has its own set of pros and cons. The secret? Finding the one that is right for you. We’re talking security, speed, and overall gameplay — because, at the end of the day, it’s the overall gaming experience that truly matters. We can’t be held back by payment and security in 2024.
Credit or debit cards
This is a tried and true method (obviously) and it still is the most popular form of payment across the world. Pretty much every genuine online platform accepts this method, as it is diverse, secure, and always trusted. No matter what type of gambling games you go for, credit cards are quick and have excellent security backing them up.
👀 Note however that credit cards can not be used for depositing and withdrawing from online casinos in the UK and other parts of the world anymore.
The main downfall of this method is that the fees and costs involved depend on your actual bank, so make sure to read up on the charges for transactions before you go all in. You don’t want to load your online wallet with this month's playing money, only to get a hefty charge!
E-wallets
E-wallets are becoming one of the drivers in the online gambling space because the world of technology is growing so much. They have gained a lot of popularity because of their speed and security, and some are also reinforced by blockchain technology!
Instead of entering your card details to the online gaming platform, an e-wallet keeps all of your data secure, and free from attack. All you need to do is link your wallet with your gaming provider, and your transaction is done in seconds.
The best bit about e-wallets running the scene is that the withdrawals from online casinos tend to be far quicker than with any other method.
Cryptocurrency
You’d have to be living under a rock not to see the monumental growth that cryptocurrency is going through. There are now crypto casinos that accept solely cryptocurrencies, and they are driven by blockchain technology and fortified security.
😉 Cryptocurrency is loved by many because it lets you play with a level of anonymity, as well as ditching the transaction fees. Most online casinos offer bonuses when you sign up with cryptocurrency wallets, and therefore, it’s a true future-forward way to win big online.
The value does fluctuate, so the only downside is that your account may change — but hey, if it’s on the up, then you’ve got yourself your biggest win yet! Of course if it's on the down, so is your player account.
Prepaid card accounts
Some players want to have control over their spending (and we can’t blame them!). If this is you, then loading your funds onto a prepaid card can help you when you’re setting your spending limits.
You load your casino spend onto one card, and once it’s used up, you’re all finished. There’s absolutely no risk of overspending, and this helps you understand your own gaming efforts.
Traditional banking transfers
Bank transactions aren’t really the norm, and are often left to the physical casinos. However, if you’re a regular in the online casino space, and you like to play big, you can arrange bank transfers of specifically large amounts.
This is essentially always secure, as your bank has your best interests at heart. They check transactions for all kinds of fraudulent activity and keep you safe whilst playing online.
👉 It’s not the best option for those who like to play quickly, so bear this in mind — but it could be right for the less technologically advanced of us.
Looking for where to play with your newfound sense of online payment security? Read all about our top-rated casinos and any other information you may need to know in our blog.
